Bunzl (OTCMKTS:BZLFY) Reaches New 12-Month Low – What’s Next?

Bunzl PLC (OTCMKTS:BZLFY) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $13.38 and last traded at $13.43, with a volume of 2813 shares. The stock had previously closed at $13.84.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Jefferies Financial Group upgraded Bunzl to a “moderate sell” rating in a research report on Wednesday, December 17th. The Goldman Sachs Group raised shares of Bunzl to a “hold” rating in a research note on Friday, October 3rd. Finally, BNP Paribas cut shares of Bunzl to a “neutral” rating in a research note on Monday, January 5th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Bunzl has a consensus rating of “Moderate Buy”.

Bunzl Trading Down 3.7%

The company has a quick ratio of 0.77, a current ratio of 1.36 and a debt-to-equity ratio of 0.69. The firm’s fifty day moving average price is $14.14 and its 200-day moving average price is $15.33.

About Bunzl

Bunzl plc is a multinational distribution and outsourcing specialist headquartered in London, United Kingdom. The company focuses on the supply of non-food consumable products to a broad range of end markets, serving as an intermediary between manufacturers and end users. Through its global network, Bunzl leverages its scale and expertise in supply chain management to provide customers with streamlined procurement, inventory management and logistics services.

The company’s product portfolio spans several key categories, including disposable packaging materials, cleaning and hygiene supplies, personal protective equipment, catering disposables and retail point-of-sale items.